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Jan 1, 2013
01/13
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update how the fiscal cliff wall street as we near the 11th hour. and again a look at the ohio clock position. reporters just talking to reporters. waiting for something. keep it here. at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> bret: our top story at the bottom of the hour, two words, fiscal cliff. u.s. is going over it tonight. the senate majority leader has not moved a bill to the floor yet. the house would only deal with whatever the senate passed. if it did anything and the house is adjourned for tomorrow. the deadline will be missed. all indications are expecting to bring something forward tonight before midnight. still the deadline of midnight will be missed and the country will go over the fiscal cliff. here is how the potential deal, the f
update how the fiscal cliff wall street as we near the 11th hour. and again a look at the ohio clock position. reporters just talking to reporters. waiting for something. keep it here. at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and...
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Jan 2, 2013
01/13
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WBAL
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the house has finally given approval to the bill to undo the effects of the fiscal cliff in the 11th hour last night. the house voted 257-167 in favor of the bill to stop the middle-class tax increases and spending cuts to domestic poll ramps. soon after president obama reacted to the compromise bill. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. millions of families will have continued to receive tax credits to help raise their kids and send them to college. companies will continue to receive tax credits for the research they do, the investments they make and the clean energy jobs that they create. and 2 million americans who are out of work but out there looking, pounding the pavement every day, are going to continue to receive unemployment benefits as long as they're actively looking for a job. i am very open to compromise. i agree with democrats and republicans that the aging population and the rising cost of health care makes medicare the biggest contributor to our deficit. i believe we've got to find ways to ref
the house has finally given approval to the bill to undo the effects of the fiscal cliff in the 11th hour last night. the house voted 257-167 in favor of the bill to stop the middle-class tax increases and spending cuts to domestic poll ramps. soon after president obama reacted to the compromise bill. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. millions of families will have continued to receive tax credits to help raise...
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Jan 1, 2013
01/13
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. >> reporter: the first order of business tackling the fiscal cliff passed in the senate just hours earlier. under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >> we are losing an opportunity for reform. >> reporter: opponents of the deal said it was done in haste. >> senator mitch mcconnell said this shouldn't be the model and the senate proceed like a bull in a china closet anyway. >> reporter: if the deal is passed in the house, the president is expected to sign this, killing the tax hikes. i'm elizabeth corey done reporting. >> the senate bill's lack of spending cuts is a concern. house majority leader eric cantor said this is not over yet. >>> the new year was also the deadline to apply for the state's homestead tax credit. december 31st was the deadline this get the appl
. >> reporter: the first order of business tackling the fiscal cliff passed in the senate just hours earlier. under terms of the legislation taxes on the middle class will not go up. individuals earning $400,000 a year or more and households earning $450,000 a year or more will see the levels return to clinton are a taxes. >> i think that we've made gigantic prog gressments i hope that we can have a bipartisan agreement as we go forward. >> vice-president joe biden -- >>...
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Jan 1, 2013
01/13
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with the deadline of the fiscal cliff only hours away. we failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> a lot of people feeling like in both the house and the senate this process could have been handled much better a long time ago with open hearings rather than having two people negotiate this deal at the last minute, trace. mike emanuel back to us on capitol hill. any updates as they come in. thank you. on this day in 1938, police tested the world's first
with the deadline of the fiscal cliff only hours away. we failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> a lot of people feeling like in both the house and the senate this process could have been handled much better a long time ago with open hearings rather than having two people negotiate this deal at the last minute, trace. mike emanuel back to us on capitol hill. any updates as they come in. thank you. on this...
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we'll wait to see what comes out in a few hours. >>> the fiscal cliff deal is making it a happy new year for many businesses including rum makers and hollywood studios and the critics are calling it quote special handouts. totaling more than $63 billion next year. these include taxes on rum imported into the u.s. a tax credit for buying electric-powered motorcycles. a so-called nascar tax break allowing motor racing tracks to appreciate assets faster than other businesses. and a break for film and tv productions shooting in the u.s. supporters say these subsidies help businesses to create jobs. >>> john boehner is starting his second term as speaker of the house. boehner was re-elected thursday with 212 votes. though he had overwhelming support, ten lawmakers voted for someone other than. and some sustained altogether. and reminded voters to stay focused on public service and not personal glory. >> if you've come here to see your name in the lights or pass off political victory for some accomplishment. you've come to the wrong place. the door's right behind you. >> boehner says he plans
we'll wait to see what comes out in a few hours. >>> the fiscal cliff deal is making it a happy new year for many businesses including rum makers and hollywood studios and the critics are calling it quote special handouts. totaling more than $63 billion next year. these include taxes on rum imported into the u.s. a tax credit for buying electric-powered motorcycles. a so-called nascar tax break allowing motor racing tracks to appreciate assets faster than other businesses. and a break...
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Jan 3, 2013
01/13
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CURRENT
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we'll find out at the top of the hour, but cenk are you celebrating the fiscal cliff or lamenting? >> first of all, jennifer [ inaudible ]. [ laughter ] >> what you were the governor of michigan. >> jennifer: i know all about it. listen. >> okay. anyway -- >> jennifer: anyway. >> on the fiscal cliff, yeah we have a little difference of agreement, but that's why i love your show following mine -- >> jennifer: you are following me now. >> i know that's true. >> jennifer: no, i think that this was a great deal but you obviously -- i was predicting that you would have a different take. >> you are absolutely right. i did not like the deal at all. and i'll explain why i didn't. we have a congressman on that voted no and i'll tell you why. he had really strong words about joe biden to. >> jennifer: wow. >> he was not happy. >> jennifer: he is obviously wrong about that too. [ laughter ] >> all right. fair enough. >> jennifer: all right. cenk i'm looking forward it to i'll probably disagree with you, but i encourage everybody to watch cenk uygur and "the young turks" following "the war roo
we'll find out at the top of the hour, but cenk are you celebrating the fiscal cliff or lamenting? >> first of all, jennifer [ inaudible ]. [ laughter ] >> what you were the governor of michigan. >> jennifer: i know all about it. listen. >> okay. anyway -- >> jennifer: anyway. >> on the fiscal cliff, yeah we have a little difference of agreement, but that's why i love your show following mine -- >> jennifer: you are following me now. >> i know...
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two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we are going to hold up that ruling against it. in this particular case, the court says you are right that your religious exercise is something limited. you can still were shut and you say to that you are limited wit. rtgard to obamacare.ou now come the ccuit court is saying nothing can happen until the appeal is theard. lou: as you say, well, -- it iss a short odds proposition to have got the injunction. how long are the odds to move to the supreme court? >> i think the odds are not good. o o end, they are ensuring that the catholic organizationsc
two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we...
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Jan 2, 2013
01/13
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MSNBCW
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cliff. in the 11th hour, the house voted 256 to 167 in favor of the bill to stop middle class tax increases. soon after, president obama reacted to the compromised bill. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. millions of families will continue to receive tax credits to help raise their kids and send them to college. companies will continue to receive tax credits for the research they do, the investments they make and the clean energy jobs they create. 2 million americans are out of work with, but out there looking and pounding the pavement every day will continue to receive unemployment benefits as long as they're actively looking for a job. i'm very open to compromise. i agree with democrats and republicans that the aging population and the rising cost of health care makes medicare the biggest contributor to our deficit. i believe we have to find ways to reform that program without hurting seniors who count on it to s
cliff. in the 11th hour, the house voted 256 to 167 in favor of the bill to stop middle class tax increases. soon after, president obama reacted to the compromised bill. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. millions of families will continue to receive tax credits to help raise their kids and send them to college. companies will continue to receive tax credits for the research they do, the investments they make...
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Jan 1, 2013
01/13
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WUSA
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just a few hours ago it overwhelmingly passed a bill to avert the fiscal cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. sarah mergener is here with more. >> reporter: a deal now is on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended has passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here. but i think we can say we've done some good for the country. >> reporter: if the bill eventually becomes law the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle cla
just a few hours ago it overwhelmingly passed a bill to avert the fiscal cliff. now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. sarah mergener is here with more. >> reporter: a deal now is on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began...
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Jan 1, 2013
01/13
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FOXNEWSW
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we are an hour a half away from the final fiscal cliff deadline that congress will now miss. we have not seen a piece of legislation on o the floor yet and we may still as we continue to monitor all things up and capitol hill. we have you covered. we also have you covered up at times square with ma megyn kely and bill hemmer up at times square. they are having more fun. keep it right here on fox. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. >> with hotwire's low prices, i can afford to visit chicago for my first big race and l.a. for my best friend's wedding. because when hotels have unsold rooms, they use hotwire so i got my hotels for half-price! >> men: ♪ h-o-t-w-i-r-e ♪ hotwire.com looking live. tim
we are an hour a half away from the final fiscal cliff deadline that congress will now miss. we have not seen a piece of legislation on o the floor yet and we may still as we continue to monitor all things up and capitol hill. we have you covered. we also have you covered up at times square with ma megyn kely and bill hemmer up at times square. they are having more fun. keep it right here on fox. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush...
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Feb 22, 2013
02/13
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MSNBC
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we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in, you know, late at night and early in the morning and voted on a deal. this is going to go, once again, up to the wire -- down to the wire, and, you know, some people are even suggesting that the sequester will hit before congress actually acts. >> now, this week we heard that the president has his highest approval rating since 2009. it seems the worst congress looks, the better he looks. how could that affect gun control reforms and immigration reform? >> there was an interesting poll that came out in "usa today" just yesterday showing that largely the american public agrees with the positions that the president has taken not only when it comes to the national debt but also gun control and immigration. so the president does have the upper hand heading into the debate on some of these issues. how each of these issues is all tied together is a little bit unclear. it's safe to say, i think, at this point that the republicans are still struggling with trying to find the
we saw that with the fiscal cliff issue where we actually went over the cliff for several hours before congress came in, you know, late at night and early in the morning and voted on a deal. this is going to go, once again, up to the wire -- down to the wire, and, you know, some people are even suggesting that the sequester will hit before congress actually acts. >> now, this week we heard that the president has his highest approval rating since 2009. it seems the worst congress looks,...
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Jan 1, 2013
01/13
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the senate plowed through the ball drop into the early hours of 2013 on their side of the fiscal cliff deal. as if your hangover isn't bad enough, time is running short for the house to act. we're just two hours away from speaker boehner reconvening that chamber to do what? we still don't know. maybe they'll vote. maybe they'll debate. good morning. i'm mara schiavocampo. happy new year on a busy first day of 2013. well, most of us were celebrating into the wee hours of new year's eve while the senate was passing a deal to avoid the worst of the fiscal cliff hangover. the bill passed by a wide margin 89-8 setting up a showdown in the house which will convene at high noon on this new year's day. republican mitch mcconnell said the process wasn't pretty but got the job done. >> each of us could spend the rest of the week stusing what a perfect solution would have looked like but the end result would have been the largest tax increase in american history. it took an imperfect solution to prevent our constituents from a very real financial pain. in my view, it was worth the effort. >> nbc'
the senate plowed through the ball drop into the early hours of 2013 on their side of the fiscal cliff deal. as if your hangover isn't bad enough, time is running short for the house to act. we're just two hours away from speaker boehner reconvening that chamber to do what? we still don't know. maybe they'll vote. maybe they'll debate. good morning. i'm mara schiavocampo. happy new year on a busy first day of 2013. well, most of us were celebrating into the wee hours of new year's eve while the...
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Jan 1, 2013
01/13
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WUSA
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cliff. at this hour, anthony, white house officials tell us the president is somewhat optimistic that republicans, despite their misgivings and reservations will find a way to either have an amendment process or come narrowly close to one but ultimately allow this senate compromise to come up for an up-or-down vote and the president, in confering with nancy pelosi, believed there are sufficient house democratic votes with a few republican votes to get this deal done. the vice president, joe biden, spent a lot of time with house democrats today. that was a very persuasive presentation, house democratic officials tell me. there are lots of votes on the democratic side. the question is can republicans provide enough on their side to get this deal done. the white house tonight is a bit hopeful. >> mason: major, is this an effort by vice president joe biden or is the president himself getting involved in making calls? >> the president is not making calls white house officials tell me-- for a prac
cliff. at this hour, anthony, white house officials tell us the president is somewhat optimistic that republicans, despite their misgivings and reservations will find a way to either have an amendment process or come narrowly close to one but ultimately allow this senate compromise to come up for an up-or-down vote and the president, in confering with nancy pelosi, believed there are sufficient house democratic votes with a few republican votes to get this deal done. the vice president, joe...
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Jan 1, 2013
01/13
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KPIX
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the latest on the "fiscal cliff" fiasco. and we'll look more closely at one part of the budget debate that's drawn a lot of attention, the possibility of skyrocketing milk prices. >> and a new report on the benghazi disaster levels more harsh criticism of the state department. >> the california supreme court hands down one last ruling on bumper cars in 2012 next. >> and one more fireworks extravaganza before the break and this might qualify as the biggest of the year. earlier we showed you taipei 101. here's the world's tallest building, the burj khalifa that serves as the centerpiece for the fireworks in dubai. oh, my gosh, that's amazing. we're back in 2.5 minutes. ,,,,,, ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadf
the latest on the "fiscal cliff" fiasco. and we'll look more closely at one part of the budget debate that's drawn a lot of attention, the possibility of skyrocketing milk prices. >> and a new report on the benghazi disaster levels more harsh criticism of the state department. >> the california supreme court hands down one last ruling on bumper cars in 2012 next. >> and one more fireworks extravaganza before the break and this might qualify as the biggest of the...
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Feb 27, 2013
02/13
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cliff debate. this came hours after president obama took his message to new port news, virginia and a nuclear attack submarine plant. >> the impact won't be felt overnight. it will be real. the seek quest tore will weaken america's economic recovery. it will weaken our military readiness and weaken the basic services the american people depend on every sij day. >> republicans are already responding to the white house insisting they won't cave and they think any deal to avoid sequestration is only going to be reached if the president stays here in washington and sits with them at the negotiating table. >> i don't think the president is focused on trying to find a solution to the seek quequester. he lane traveling all over the country going down to new port news in order to use our military men and women as a prop in yet another campaign rally to support his tax hikes. >> senior administration officials are saying the i am fact won't be health for a few weeks there is not enough urgency to force ever
cliff debate. this came hours after president obama took his message to new port news, virginia and a nuclear attack submarine plant. >> the impact won't be felt overnight. it will be real. the seek quest tore will weaken america's economic recovery. it will weaken our military readiness and weaken the basic services the american people depend on every sij day. >> republicans are already responding to the white house insisting they won't cave and they think any deal to avoid...
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May 20, 2013
05/13
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CSPAN
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guest: as part of the fiscal cliff deal, they extended the old one until september. now a bill has passed both forbers that sets the stage a conference committee to meaningfully negotiate what the farm bill will look like. it is basically a massive, huge bill. the question right now is how much do you cut food stamps. republicans want to make significant cuts into the food stamps program and democrats are agreeing to smaller kids, ort trying to reduce the amoun various crops. >> we will talk about the snap food program as part of the phone bill. , so much focus was on the immigration in the market. where does the immigration debate stand in the senate and what are you watching? guest: there will be a union of border guards that will be coming out today. are pretty much looking and watching what is going on in the before we get more traction in the senate. everyone wants to see how much the house can get done and how far the house will go. even though there is daily movement like there is a rotter holdin , you canal citizenship o's website. political --st: the memoria
guest: as part of the fiscal cliff deal, they extended the old one until september. now a bill has passed both forbers that sets the stage a conference committee to meaningfully negotiate what the farm bill will look like. it is basically a massive, huge bill. the question right now is how much do you cut food stamps. republicans want to make significant cuts into the food stamps program and democrats are agreeing to smaller kids, ort trying to reduce the amoun various crops. >> we will...
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Jan 4, 2013
01/13
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WJLA
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. >> finally this half hour, on our 21st birthday, we look back at the headlines. >> to the fiscal cliff to the health scare of secretary of state hillary clinton, here is our friday rewind. >> i will sign a law that raises taxes on the wealthiest 2% of americans while prevents a middle class tax hike that could have sent the economy back into recession. >> what's the alternative? the alternative is a tax to hit the american people, market uncertainty. >> the rug was pulled out from under us, absolutely inexcusable. >> 66 days and counting. shame on you. shame on congress. >> i just want to say how much secretary clinton is in our prayers this morning and hope she recovers rapidly. >> the clot could have gotten larger and it could have been fatal. >> she deserves a year off to reassess, get healthy and think seriously about a possibility of a run. >> i just thought about the capitol has a lot of steps. that would be a good, symbolic goal for me. >> she called us and said that we should cheer the president up, and if the oak ridge boys could get together and sing him a song or two. >> rig
. >> finally this half hour, on our 21st birthday, we look back at the headlines. >> to the fiscal cliff to the health scare of secretary of state hillary clinton, here is our friday rewind. >> i will sign a law that raises taxes on the wealthiest 2% of americans while prevents a middle class tax hike that could have sent the economy back into recession. >> what's the alternative? the alternative is a tax to hit the american people, market uncertainty. >> the rug...
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Jan 3, 2013
01/13
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CNNW
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cliff out of the way. >>> 26 minutes past the hour. wisconsin state senator makes some pretty jaw-dropping claims about the holiday kwanzaa. up next hear what he said and how he tried to defend his comments right here on cnn. >>> for us, it's a move forward, so i think a lot of us are looking at that as this is the next step. >> the students of sandy hook go back to school, but not the same one. we'll take you inside their new classrooms. >>> plus she's out of the hospital, but is she in the clear? new information on hillary clinton's health scare. >>> we could use a new one of these right about now all right. the 113th congress set to swear in this morning. bye-bye 112th. can some of these new faces tackle the same old battles? >> we'll talk to one of the new ones coming up shortly. welcome back to "early start." i'm zoraida sambolin. >> and i'm christine romans. lunches are packed and school bus engines are humming in newtown, connecticut. they're attempting to return to normalcy this morning as the kids of sandy hook elementary head
cliff out of the way. >>> 26 minutes past the hour. wisconsin state senator makes some pretty jaw-dropping claims about the holiday kwanzaa. up next hear what he said and how he tried to defend his comments right here on cnn. >>> for us, it's a move forward, so i think a lot of us are looking at that as this is the next step. >> the students of sandy hook go back to school, but not the same one. we'll take you inside their new classrooms. >>> plus she's out of...
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Jan 2, 2013
01/13
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CNBC
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cliff and they didn't get it passed until about 24 hours when we were off the cliff. if you go off the second fiscal cliff here, the debt ceiling, you're in very unchartered waters. >> all right, chris, great to speak with you. chris krueger of guggenheim. we saw the reaction. this is the chart. this is what the crack staff came up with. the s&p 500, one month prior to the downgrade, down 11%. down 2% after. where you can feel the impact was in the bond markets. it's opposite of what you might think. one month after, 1.979%. >> people forget, at the same time, europe was falling apart. we went into this downgrade, july 31st was the edge for the markets and then you had on the 5th, we raised this this morning on the call, when the u.s. was drawn into the fray. but global markets were in dire straits at this point. u.s. treasuries were still a safe haven. if you look at where we went, yeah, the market was up 2% a month later but that period until the middle of october, forget what august was like, up 5%, down 5%, up 5%, on the s&p, let alone markets. markets broke down
cliff and they didn't get it passed until about 24 hours when we were off the cliff. if you go off the second fiscal cliff here, the debt ceiling, you're in very unchartered waters. >> all right, chris, great to speak with you. chris krueger of guggenheim. we saw the reaction. this is the chart. this is what the crack staff came up with. the s&p 500, one month prior to the downgrade, down 11%. down 2% after. where you can feel the impact was in the bond markets. it's opposite of what...
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Jan 1, 2013
01/13
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KQED
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. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to the west of the international dateline. the spectacular start to the new year came in sydney harbour, launched by the australian superstar, kiley been no good. -- kylie minogue. 7 tons of fireworks filled the air above sydney harbour bridge. this city's style is rather different. john yang has held what for help -- it's believed to be the first public new year celebration in north korea. burma has joined the global party. ♪ >> the end of the year would not be complete without the viral pop hit, "gangnam style" being performed with great enthusiasm. while hong kong celebrate with a virtuous so
. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to...
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Jan 8, 2013
01/13
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CSPAN
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fiscal cliff agreement reached by congress last week. that is from the urban institute here in washington. chris christie delivers the annual state of the state address. he is expected to address federal funding from hurricane sandy will leave. lawmakers are expected to take up an additional $50 billion in the coming weeks. that is scheduled to begin at 2:00 p.m. eastern. buying distressed homeowners with underwater mortgages. >> i enjoy the capitol hill coverage because i started there many decades ago, your coverage live of the house and senate and also the certain committee hearings. i think they are very informative to the public to get to see what really happens in congress. i like the way c-span covers the fact that it just presents itself what is really happening with a little bit of commentary maybe, but not really edited out. it is just what they want to present to the american people. >> bill watches c-span on comcast. c-span, created by america's cable companies in 1979, brought to you as a public service by your television pr
fiscal cliff agreement reached by congress last week. that is from the urban institute here in washington. chris christie delivers the annual state of the state address. he is expected to address federal funding from hurricane sandy will leave. lawmakers are expected to take up an additional $50 billion in the coming weeks. that is scheduled to begin at 2:00 p.m. eastern. buying distressed homeowners with underwater mortgages. >> i enjoy the capitol hill coverage because i started there...
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Jan 1, 2013
01/13
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MSNBCW
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>>> and at the top of the hour, the fiscal cliff showdown. will house republicans approve or try to alter the senate's last-minute deal? we just got this note that house republicans will be meeting at 1:00 p.m. to talk about those fiscal cliff negotiations. stay with us here on msnbc. >>> pope benedict benedict hopes peace will prevail in 2013, despite recent acts of terrorism and instability in the world economy. there you see the pontiff this morning celebrating new year's mass at st. peter's basilica. >>> organizers in southern california applied the finishing touches to the mobile flower arrangements that will make up the 124th tournament of roses parade. this year's grand marshal is the famed chimpanzee researcher jane gooda goodall. you can watch the parade beginning at 11:00 a.m. eastern on your local nbc station. >>> well, he's not only the commander in chief, he is also first in fitness. president obama is out to promote physical activity and healthy living by awarding citizens who stick to a six-week health and exercise program, som
>>> and at the top of the hour, the fiscal cliff showdown. will house republicans approve or try to alter the senate's last-minute deal? we just got this note that house republicans will be meeting at 1:00 p.m. to talk about those fiscal cliff negotiations. stay with us here on msnbc. >>> pope benedict benedict hopes peace will prevail in 2013, despite recent acts of terrorism and instability in the world economy. there you see the pontiff this morning celebrating new year's...
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year, a new agreement on the fiscal cliff. >> the bill as amended is passed. >> just hours ago, the senate reaches a deal to avoid major tax hikes and spending cuts after serious back and forth on capitol hill. >> i'm interested in getting the result here. >> i'm disappointed we weren't able to make the grand bargain as we tried to do for so long, but we tried. >> no deal is better than a bad deal and this looks like a very bad deal. >> with the deal headed to the house floor for a vote, will it survive? this morning, what's in this agreement, and what does it mean for you and your taxes. we have a packed two hours ood. maryland congressman elijah cummings, tim huelskamp and lloyd doggett. all three of them
year, a new agreement on the fiscal cliff. >> the bill as amended is passed. >> just hours ago, the senate reaches a deal to avoid major tax hikes and spending cuts after serious back and forth on capitol hill. >> i'm interested in getting the result here. >> i'm disappointed we weren't able to make the grand bargain as we tried to do for so long, but we tried. >> no deal is better than a bad deal and this looks like a very bad deal. >> with the deal headed...
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all day yesterday the question was could they find a way to cut spending in the fiscal cliff drama? we are hours away from that and now this. will the emotional appeals and the real world consequences be loud and forceful enough to get them to consider before noon tomorrow. if he doesn't, a new congress has to act and they start all over again. when they are motivated they can move quickly, but it would be a delay if they don't do it before noon tomorrow. >> thanks, kelly. this is the one who crafted the bill. first up with a welcome to you, sir. i know you and your colleagues and the delegations will meet about an hour or so again. what are you going to say to him? >> i don't think the new jersey democrats are invited. this is a new jersey moment though. time to take off the gloves. i believe boehner is speaking sincerely when he said we will get this done as soon as possible in the next congress. we get sworn in tomorrow, but we need the help right now. that was a commitment. he could not deliver. i can't deal with the schizophrenia within the leadership of the within party. we sh
all day yesterday the question was could they find a way to cut spending in the fiscal cliff drama? we are hours away from that and now this. will the emotional appeals and the real world consequences be loud and forceful enough to get them to consider before noon tomorrow. if he doesn't, a new congress has to act and they start all over again. when they are motivated they can move quickly, but it would be a delay if they don't do it before noon tomorrow. >> thanks, kelly. this is the one...
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let's get to work. >>> it is 41 past the hour. the houses passes the fiscal cliff deal, 257 to 167. averting of a avalanche of tax hikes. how can you make sure that congress' last minute deal doesn't knock you off your own personal financial cliff? we have the author of get financially naked. thanks for joining us this morning. we really appreciate it. so you say that the most important thing that we can all do with our money in 2013 is something that washington has definitely not done very well, and that's to know what healthy spending looks like. so you can walk us through that? >> absolutely. so for most of us, it's been so frustrating as christine earlier highlighted in describing the amt tax to watch what's been going on in washington. but there is something you can control and that is whether or not you're spending in a healthy manner. most of us know when it comes to eating what healthy eating looks like because of the food pyramid. but very few of us were ever given a healthy spending pyramid. my favorite formula is 50-30-20. a book elizabeth warren wrote. 50% goes to needs,
let's get to work. >>> it is 41 past the hour. the houses passes the fiscal cliff deal, 257 to 167. averting of a avalanche of tax hikes. how can you make sure that congress' last minute deal doesn't knock you off your own personal financial cliff? we have the author of get financially naked. thanks for joining us this morning. we really appreciate it. so you say that the most important thing that we can all do with our money in 2013 is something that washington has definitely not done...
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rick: just hours before the deal to avote the fiscal cliff, another financial crisis emerged right? treasury secretary tim geithner telling congress that the u.s. just reached its $16.4 trillion borrowing limit. he says the government is now employing, quote, extraordinary measures in order to avoid default, no word how lawmakers will resolve huge differences raising debt limit, the debt ceiling but it could be just a matter of weeks before the government defaults. heather: the supreme court's chief justice weighing in on the country's physical problems. saying the judicial branch gets a minuscule fraction of the nation's trillion dollar budget. it has already done its part when it comes to cost cutting. he is calling on the white house and congress to give enough funding to insure the federal judiciary can do its job. saying this. a significant and prolonged short fall in judicial funding would inevitably result in the delay or denial of justice for the people the courts serve. i therefore encourage the president and congress to be especially attentive to the needs of the judicial
rick: just hours before the deal to avote the fiscal cliff, another financial crisis emerged right? treasury secretary tim geithner telling congress that the u.s. just reached its $16.4 trillion borrowing limit. he says the government is now employing, quote, extraordinary measures in order to avoid default, no word how lawmakers will resolve huge differences raising debt limit, the debt ceiling but it could be just a matter of weeks before the government defaults. heather: the supreme court's...
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cliff, all at the 11th hour and because of his longstanding relationships on capitol hill of trust. that haven't gone badly that have held up over time and even while he's been in the white house serving with president obama. so he'll be very important to president obama's ability to deal with republicans in the months to come and in the years to come. >> brian, this is one of what joe biden's biggest fan his to say this week. take a listen. >> he is exactly who he is. he's the same person at home. he's the same person at home depot and the halls of congress and that's one of the reasons he's so successful among democrats and so successful across the aisle with republicans over the course of 36 plus years on the national stage. >> there's his son there bo biden, we should note from "jansing & company" this week. how will a biden run in 2016 be different from what we saw in 2008 and even what we saw in 1988. he's not going to be a senator -- he was senior senator, but senators from delaware don't have the same sort of national platform that he has as vice president. so does that -- h
cliff, all at the 11th hour and because of his longstanding relationships on capitol hill of trust. that haven't gone badly that have held up over time and even while he's been in the white house serving with president obama. so he'll be very important to president obama's ability to deal with republicans in the months to come and in the years to come. >> brian, this is one of what joe biden's biggest fan his to say this week. take a listen. >> he is exactly who he is. he's the same...
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the jump start came from washington where last night's eleventh hour fiscal cliff deal in the house gave investors renewed confidence. apple jumped nearly 3% amid talks they're testing a new iphone and new ios software. that's it from cnbc. now back over to "hardball." . >>> there's only one group to blame for the continued suffering of these incident victims. the house majority and their speaker john boehner. we respond to innocent victims of natural disasters not as republicans or democrats, but as americans. or at least we did. until last night. last night the house of representatives failed that most basic test of public service. and they did so with callous indifference to the suffering of the people of my state. >> welcome back to "hardball." when a politician even one as outspoken as chris christie the republican governor of new jersey trashes his own party like that, it's knews. in fact, the failure of the vote on a package for hurricane san si is one of the areas where republicans and democrats can agree. here's what it sounded like on the floor this morning. >> we cannot believ
the jump start came from washington where last night's eleventh hour fiscal cliff deal in the house gave investors renewed confidence. apple jumped nearly 3% amid talks they're testing a new iphone and new ios software. that's it from cnbc. now back over to "hardball." . >>> there's only one group to blame for the continued suffering of these incident victims. the house majority and their speaker john boehner. we respond to innocent victims of natural disasters not as...
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at this hour, we remain over the "fiscal cliff" at least technically. now, the senate did pass a bear bones bill to help us get by in the meantime and now, all eyes are on the house. >> mr. alexander. >> aye. >> reporter: in the early- morning hours of new years date senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hooks for 99% -- to avoid tax hikes for 99% of all americans. >> this shouldn't be the way we do things but i think we have done some good for the country. >> reporter: if the bill becomes law, the bush-era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle class families. >> middle class families will wake up today to the assurance that their taxes won't go up $2,200 each. >> reporter: the senate agreement delays a $110 billion in spending cuts that were due to kick in
at this hour, we remain over the "fiscal cliff" at least technically. now, the senate did pass a bear bones bill to help us get by in the meantime and now, all eyes are on the house. >> mr. alexander. >> aye. >> reporter: in the early- morning hours of new years date senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter: the senate voted 89-8 to avoid tax hooks for 99% -- to avoid tax...
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it was a little bit after 2:00 this morning, two hours after the fiscal cliff deadline, that the senate passed a measure blocking automatic across the board tax increases and spending cuts. under the compromise taxes would go up for individuals making $400,000 or more and couples making over $450,000. that threshold, i should mention, is higher than what the president wanted. as for cuts to defense and domestic programs, that would all be delayed for about two months to allow lawmakers to continue negotiating. a little breathing room there. the deal has renewed optimism that the country will avoid the worst case scenario in all of this. should say, this is not by any stretch a done deal. it all has to be approved by the house. they reconvene at noon today. it's unclear exactly what the house will do, what their vote will be here. all eyes on the house and of course, a story that we're going to continue to follow all day long. lot of important decisions being made here and some ramifications for a lot of people. reporting live from capitol hill, megan mcgrath, news 4. aaron, back to you.
it was a little bit after 2:00 this morning, two hours after the fiscal cliff deadline, that the senate passed a measure blocking automatic across the board tax increases and spending cuts. under the compromise taxes would go up for individuals making $400,000 or more and couples making over $450,000. that threshold, i should mention, is higher than what the president wanted. as for cuts to defense and domestic programs, that would all be delayed for about two months to allow lawmakers to...
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cliff. >> and a vote came in the wee hours of the new year's and tahman bradley has more on this last-ditch session. kind of ruined some politicians' night, didn't it? >> reporter: exactly right. happy new year to you, paula and john. the senate bill passed in the wee hours of the morning with overwhelming support and heads to the house where its fate is uncertain. as americans rang in the new year, the senate was in session in the middle of the night passing a bill after the fiscal cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earnin
cliff. >> and a vote came in the wee hours of the new year's and tahman bradley has more on this last-ditch session. kind of ruined some politicians' night, didn't it? >> reporter: exactly right. happy new year to you, paula and john. the senate bill passed in the wee hours of the morning with overwhelming support and heads to the house where its fate is uncertain. as americans rang in the new year, the senate was in session in the middle of the night passing a bill after the fiscal...
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five hours from now, the u.s. will plunge over the fiscal cliff. it may not be long, but it will be nerve-racking for millions. president obama said a deal was in sight, but he slammed congress for stalling and for failing to reach a broader agreement. sources say the senate will try to vote tonight. we're not going to have a house vote tonight because the house has already adjourned until tomorrow, noon eastern time, which means we will not be able to solve this problem fully tonight if it gets solved at all. that's still not entirely clear. let's go to jessica yellin. if you've been watching over the last several hours, you get conflicting information. is there a deal or not? >> the white house is optimistic there will be a deal. republicans in the senate are confident there will be a deal. senate democrats are still holding out for more changes in this deal. and so right now, there's still that last haggling over certain sticking points that democrats want to see in this negotiation. and it's one of the reasons we understand that vice president
five hours from now, the u.s. will plunge over the fiscal cliff. it may not be long, but it will be nerve-racking for millions. president obama said a deal was in sight, but he slammed congress for stalling and for failing to reach a broader agreement. sources say the senate will try to vote tonight. we're not going to have a house vote tonight because the house has already adjourned until tomorrow, noon eastern time, which means we will not be able to solve this problem fully tonight if it...
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cliff" sometime in the next hour. there was talk by house republicans of offering an amendment that included spending cuts to the senate bill. democrats insisted on a vote on the original bill to avoid further delays. some republicans including representative eric cantor of virginia say they can't support it. and as that unfolds, a lot of californians hold their breaths. cbs 5 reporter ann notarangelo on failure in washington could be very bad news for the state trying to make a comeback. ann. >> reporter: elizabeth, construction sites look this one are popping up throughout contra costa county and they are signs of economic growth. and for the first time in a long time, we are hearing some optimism about california's economy. but for it to continue, we need a deal in washington. >> no doubt that from our perspective the number one thing we want to see is a resolution so that we can just continue with the growth we have been seeing over the past several quarters. >> reporter: he is the director of the governor's offic
cliff" sometime in the next hour. there was talk by house republicans of offering an amendment that included spending cuts to the senate bill. democrats insisted on a vote on the original bill to avoid further delays. some republicans including representative eric cantor of virginia say they can't support it. and as that unfolds, a lot of californians hold their breaths. cbs 5 reporter ann notarangelo on failure in washington could be very bad news for the state trying to make a comeback....
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the country from falling off the fiscal cliff. but as 2013 is officially rung in, we're still technically going over the edge of the cliff. as of right now we have no word on what the house of representatives will do. but, as we wait we'll walk you through the bill's details and tell you who's impacted and how. >> also we're learning more about secretary of state hillary clinton's blood clot in her head that sent her to the hospital. the latest on her treatment and prognosis. good morning, everyone, welcome to "early start." well to a special edition, the fiscal cliff edition. we're over the fiscal cliff. i'm john berman. >> i'm ali velshi. it's hard to do this after that crazy night of partying. >> yeah, right. i'm christine romans. zoraida is off today. it's 5:00 a.m. in the east. let's get you started. >>> of course as you all know because you were glued to it all night, america kicked off the new year by falling offer the fiscal cliff. but, in breaking news this morning, we're talking just hours ago, there is now a deal in pla
the country from falling off the fiscal cliff. but as 2013 is officially rung in, we're still technically going over the edge of the cliff. as of right now we have no word on what the house of representatives will do. but, as we wait we'll walk you through the bill's details and tell you who's impacted and how. >> also we're learning more about secretary of state hillary clinton's blood clot in her head that sent her to the hospital. the latest on her treatment and prognosis. good...
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>> this thing ends tonight, gets voted on in an hour or so. >> this is the new year's fiscal cliff. we'll have a valentine's fiscal cliff which is the debt ceiling, then a st. patrick's fiscal cliff which is the se questionser, a stupid name for a stupid thing, then we have to do a budget. nobody gave up anything in this thing. ross is eloquent, but there wasn't much of a giveup on this moving the numbers up to 400,000 because the democrats didn't put anything on the table. so nobody's lost. this is a compromise. it's the puniest, smallest, most insignificant compromise you can have to prevent us from going over the fiscal cliff, which is very necessary. i hope it gets done in the next hour or so. but we'll have three more of these conversations and many more late nights. >> and consequently if the house does not pass the senate -- >> we have a lot of problems about if the house doesn't pass the senate version tonight. we'll see markets open up tomorrow morning. they'll be punishing. you remember 2008 when the t.a.r.p. bill went before the senate and the dow lost 177 points. a lot i
>> this thing ends tonight, gets voted on in an hour or so. >> this is the new year's fiscal cliff. we'll have a valentine's fiscal cliff which is the debt ceiling, then a st. patrick's fiscal cliff which is the se questionser, a stupid name for a stupid thing, then we have to do a budget. nobody gave up anything in this thing. ross is eloquent, but there wasn't much of a giveup on this moving the numbers up to 400,000 because the democrats didn't put anything on the table. so...
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two hours later, america went off the fiscal cliff. vice president biden came to the capitol. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> only five senate republicans voted no. >> middle-class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. house speaker and his members might not go along. john boehner sent house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. the house takes up whether to follow the senate's lead and hike taxes on the wealthy. steve handelsman, nbc news. >> the first
two hours later, america went off the fiscal cliff. vice president biden came to the capitol. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes....
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. >>> remember that fiscal cliff this country nearly toppled over at the end of 2012? congressional republicans and the president reached an 11th-hour deal that brought us back to safer ground temporarily. guess what, tonight almost two months later we're teetering on the ledge again, this time they're calling it sequestration. not as catchy a name but its impact on every single american is no less profound. six days from now, unless a budget deal is reached, a massive round of automatic government spending cuts will go into effect. if you thought the urgency of the situation would have the white house and republicans burning the midnight oil to make a deal you'd be mistaken. nbc's kristen welker is at the white house. to tell us more about what's at stake. kristen? >> reporter: good evening. president obama has said he would be in contact with members of congress, but according to my sources here at the white house and on the hill there have been no top-level discussions today and there is no resolution in sight. at the governors association meeting in washington, bip
. >>> remember that fiscal cliff this country nearly toppled over at the end of 2012? congressional republicans and the president reached an 11th-hour deal that brought us back to safer ground temporarily. guess what, tonight almost two months later we're teetering on the ledge again, this time they're calling it sequestration. not as catchy a name but its impact on every single american is no less profound. six days from now, unless a budget deal is reached, a massive round of...
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next half hour coming up a last- minute fix for the "fiscal cliff." what it means for your taxes and will it survive the house today? >> that's the big question. and gunfire canceled a northern californi fireworks show. we'll show you the panic after five people were shot in the crowd. >> this morning, three people are recovering from gunshot wounds including a 12-year-old boy this after police say new year's eve celebrations turned violent. we'll have the details in a live report coming up. survivor a lifetime-- that's definitely a fair trade. whoo! walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. ♪ building up from deep inside it was 3 days of pure joy. susan g. komen's investments in early detection and treatment have helped re
next half hour coming up a last- minute fix for the "fiscal cliff." what it means for your taxes and will it survive the house today? >> that's the big question. and gunfire canceled a northern californi fireworks show. we'll show you the panic after five people were shot in the crowd. >> this morning, three people are recovering from gunshot wounds including a 12-year-old boy this after police say new year's eve celebrations turned violent. we'll have the details in a...
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we take the "fiscal cliff" plunge at midnight eastern time. >> i'm willing to get this done. i need a dance partner. >> reporter: vice president joe biden and senate minority leader mitch mcconnell have been trying to hammer out a last-minute agreement. they have agreed on a few issues, but both sides are making concessions. if the deal passes? >> it looks like democrats will keep popular items like a five-year extension on the child tax credit. it's for workers who do not earn enough to pay income taxes. also, the refundable credit for parents who have kids going to college should stay in place. that would help families pay for tuition costs that continue to rise across the nation. and for healthcare providers who treat medicare patients, about $30 billion will be expected to help pay the costs for at least one more year. but what most of us will have to pay, the payroll tax for social security. it is going up 2% starting tomorrow and that means if you earn $100,000 a year, you'll pay an extra $2,000 next year out of your paycheck. so it is possible but not probable that the
we take the "fiscal cliff" plunge at midnight eastern time. >> i'm willing to get this done. i need a dance partner. >> reporter: vice president joe biden and senate minority leader mitch mcconnell have been trying to hammer out a last-minute agreement. they have agreed on a few issues, but both sides are making concessions. if the deal passes? >> it looks like democrats will keep popular items like a five-year extension on the child tax credit. it's for workers who...
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fiscal cliff deal is on the table. but the hours vote on it. how could this proposal affect the economy? what happens if the house injects it? >> steve: talk to that guy now, "fox business" network's charles payne. charles, it is past the senate. chances are it's probably going to pass the house. what's it mean for everybody watching? >> i got to tell you, i guess we always kind of knew there would be some sort of ultimate compromise, at least everyone sort of felt that way. it's not good news for the economy. it's certainly not good news for small businesses who still are being really going to be hammered. you have been talking about obamacare taxes, they'll be hammered by that. they'll be hammered by this dramatically. let's just say, for instance, you're a chiropractor and off gross margin of 15%. all of a sudden your taxes go up, your business taxes go up. are you going to cut your salary or hesitate on hiring someone? i mean, this is where all the -- a lot of jobs have been created by small businesses. you'd be shocked how many businesses
fiscal cliff deal is on the table. but the hours vote on it. how could this proposal affect the economy? what happens if the house injects it? >> steve: talk to that guy now, "fox business" network's charles payne. charles, it is past the senate. chances are it's probably going to pass the house. what's it mean for everybody watching? >> i got to tell you, i guess we always kind of knew there would be some sort of ultimate compromise, at least everyone sort of felt that...
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he becomes public enemy number one for some conservatives after he sends the fiscal cliff bill to the house floor for an up or down vote where it passed with democratic support. we will break don't winners and losers. joe, mika and the "morning joe" crew. when we come back, we'll huddle up around the water cooler and preview the most ridiculous laws taking effected in 2013. let's say it will not be a good year if you're a bobcat hunter or a swamp buggy owner. "way too early" coming right back. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios >>> 53 minutes is more than enough of regular real news, let gather around the water cooler with lewis. what do you have for us today? >> happy new year. >> happy new year to you, man. >> did it treat you well? >> everything's gone well so far in 2013. >> you strike me as a guy who would do well on jeopardy, you're smart, whitey -- >> i'm a more wheel of fortune man, but jeopardy is not
he becomes public enemy number one for some conservatives after he sends the fiscal cliff bill to the house floor for an up or down vote where it passed with democratic support. we will break don't winners and losers. joe, mika and the "morning joe" crew. when we come back, we'll huddle up around the water cooler and preview the most ridiculous laws taking effected in 2013. let's say it will not be a good year if you're a bobcat hunter or a swamp buggy owner. "way too early"...
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as of midnight eastern time, we were technically over the "fiscal cliff." now, as you said, congress, the senate, rather, did pass a scaled-back version. but it's setting the substantial now for a showdown in the house. >> reporter: in the early- morning hours of new year's day, the senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter:
as of midnight eastern time, we were technically over the "fiscal cliff." now, as you said, congress, the senate, rather, did pass a scaled-back version. but it's setting the substantial now for a showdown in the house. >> reporter: in the early- morning hours of new year's day, the senate began voting on a bill to avoid the so-called "fiscal cliff." >> the bill as amended is passed. >> reporter:
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keep us from going over the fiscal cliff. >> happy new year. >> a very happy new year for the senate closing out 2012 with a deal. with little time to spare they hammered out a deal. deal or no deal, the u.s. is destined to go over the cliff a- because the house adjourned monday night and will reconvene new year's day. vice presidentbiden went to the hill earlier in the day to meet. >> earlier president obama had harsh words. >> if they think i will finish the job in spebding cuts -- spending cuts alone they've got another thing coming. >> the deal will increase estate tax and bring back clinton era tax cuts. fromhouse holds earning 250 thousand dollars a year reportedly to those making 4 hundred and 50 thousand dollars. frustratedrepublicans say while the deal will probably pass, it's not ideal. >> i personally don't like it because i think we're kicking the can down the road and not addressing the real crisis in the country which was not the fiscal cliff, it's a debts crisis. >> the spending cuts that were a sticking point are now postponed for two months at least. >> much more to
keep us from going over the fiscal cliff. >> happy new year. >> a very happy new year for the senate closing out 2012 with a deal. with little time to spare they hammered out a deal. deal or no deal, the u.s. is destined to go over the cliff a- because the house adjourned monday night and will reconvene new year's day. vice presidentbiden went to the hill earlier in the day to meet. >> earlier president obama had harsh words. >> if they think i will finish the job in...